Turn any price move into dollars, see how many contracts fit your risk, and look up tick size, tick value and point value for 60+ futures contracts.
ES: tick 0.25 = $12.50 · 1 point = $50.00
Use the move as your stop distance to see how many contracts fit your risk. Margin depends on your broker, so enter theirs to total it.
1 × ES, 10 points (40 ticks)
$500.00
| Symbol | Contract | Group | Exchange | Tick size | Tick value | Point value | Use |
|---|---|---|---|---|---|---|---|
| ES | E-mini S&P 500 | Indices | CME | 0.25 | $12.50 | $50.00 | |
| MESMicro | Micro E-mini S&P 500 | Indices | CME | 0.25 | $1.25 | $5.00 | |
| NQ | E-mini Nasdaq-100 | Indices | CME | 0.25 | $5.00 | $20.00 | |
| MNQMicro | Micro E-mini Nasdaq-100 | Indices | CME | 0.25 | $0.50 | $2.00 | |
| YM | E-mini Dow ($5) | Indices | CBOT | 1 | $5.00 | $5.00 | |
| MYMMicro | Micro E-mini Dow | Indices | CBOT | 1 | $0.50 | $0.50 | |
| RTY | E-mini Russell 2000 | Indices | CME | 0.1 | $5.00 | $50.00 | |
| M2KMicro | Micro E-mini Russell 2000 | Indices | CME | 0.1 | $0.50 | $5.00 | |
| EMD | E-mini S&P MidCap 400 | Indices | CME | 0.1 | $10.00 | $100.00 | |
| NKD | Nikkei 225 (USD) | Indices | CME | 5 | $25.00 | $5.00 | |
| CL | Crude Oil (WTI) | Energy | NYMEX | 0.01 | $10.00 | $1,000.00 | |
| MCLMicro | Micro WTI Crude Oil | Energy | NYMEX | 0.01 | $1.00 | $100.00 | |
| QM | E-mini Crude Oil | Energy | NYMEX | 0.025 | $12.50 | $500.00 | |
| NG | Henry Hub Natural Gas | Energy | NYMEX | 0.001 | $10.00 | $10,000.00 | |
| MNGMicro | Micro Henry Hub Natural Gas | Energy | NYMEX | 0.001 | $1.00 | $1,000.00 | |
| QG | E-mini Natural Gas | Energy | NYMEX | 0.005 | $12.50 | $2,500.00 | |
| RB | RBOB Gasoline | Energy | NYMEX | 0.0001 | $4.20 | $42,000.00 | |
| HO | NY Harbor ULSD (Heating Oil) | Energy | NYMEX | 0.0001 | $4.20 | $42,000.00 | |
| GC | Gold | Metals | COMEX | 0.1 | $10.00 | $100.00 | |
| MGCMicro | Micro Gold | Metals | COMEX | 0.1 | $1.00 | $10.00 | |
| SI | Silver | Metals | COMEX | 0.005 | $25.00 | $5,000.00 | |
| SILMicro | Micro Silver | Metals | COMEX | 0.005 | $5.00 | $1,000.00 | |
| HG | Copper | Metals | COMEX | 0.0005 | $12.50 | $25,000.00 | |
| MHGMicro | Micro Copper | Metals | COMEX | 0.0005 | $1.25 | $2,500.00 | |
| PL | Platinum | Metals | NYMEX | 0.1 | $5.00 | $50.00 | |
| PA | Palladium | Metals | NYMEX | 0.5 | $50.00 | $100.00 | |
| 6E | Euro FX | Currencies | CME | 0.00005 | $6.25 | $125,000.00 | |
| M6EMicro | Micro EUR/USD | Currencies | CME | 0.0001 | $1.25 | $12,500.00 | |
| 6B | British Pound | Currencies | CME | 0.0001 | $6.25 | $62,500.00 | |
| M6BMicro | Micro GBP/USD | Currencies | CME | 0.0001 | $0.625 | $6,250.00 | |
| 6J | Japanese Yen | Currencies | CME | 0.0000005 | $6.25 | $12,500,000.00 | |
| 6A | Australian Dollar | Currencies | CME | 0.00005 | $5.00 | $100,000.00 | |
| M6AMicro | Micro AUD/USD | Currencies | CME | 0.0001 | $1.00 | $10,000.00 | |
| 6C | Canadian Dollar | Currencies | CME | 0.00005 | $5.00 | $100,000.00 | |
| 6S | Swiss Franc | Currencies | CME | 0.00005 | $6.25 | $125,000.00 | |
| 6N | New Zealand Dollar | Currencies | CME | 0.00005 | $5.00 | $100,000.00 | |
| 6M | Mexican Peso | Currencies | CME | 0.00001 | $5.00 | $500,000.00 | |
| ZT | 2-Year T-Note | Interest rates | CBOT | 1/8 of 1/32 | $7.8125 | $2,000.00 | |
| ZF | 5-Year T-Note | Interest rates | CBOT | 1/4 of 1/32 | $7.8125 | $1,000.00 | |
| ZN | 10-Year T-Note | Interest rates | CBOT | 1/2 of 1/32 | $15.625 | $1,000.00 | |
| TN | Ultra 10-Year T-Note | Interest rates | CBOT | 1/2 of 1/32 | $15.625 | $1,000.00 | |
| ZB | 30-Year T-Bond | Interest rates | CBOT | 1/32 | $31.25 | $1,000.00 | |
| UB | Ultra T-Bond | Interest rates | CBOT | 1/32 | $31.25 | $1,000.00 | |
| ZC | Corn | Grains | CBOT | ¼¢ | $12.50 | $50.00 | |
| ZS | Soybeans | Grains | CBOT | ¼¢ | $12.50 | $50.00 | |
| ZW | Chicago SRW Wheat | Grains | CBOT | ¼¢ | $12.50 | $50.00 | |
| ZL | Soybean Oil | Grains | CBOT | 0.01 | $6.00 | $600.00 | |
| ZM | Soybean Meal | Grains | CBOT | 0.1 | $10.00 | $100.00 | |
| LE | Live Cattle | Livestock | CME | 0.025 | $10.00 | $400.00 | |
| GF | Feeder Cattle | Livestock | CME | 0.025 | $12.50 | $500.00 | |
| HE | Lean Hogs | Livestock | CME | 0.025 | $10.00 | $400.00 | |
| KC | Coffee "C" | Softs | ICE US | 0.05 | $18.75 | $375.00 | |
| SB | Sugar No. 11 | Softs | ICE US | 0.01 | $11.20 | $1,120.00 | |
| CC | Cocoa | Softs | ICE US | 1 | $10.00 | $10.00 | |
| CT | Cotton No. 2 | Softs | ICE US | 0.01 | $5.00 | $500.00 | |
| OJ | Orange Juice (FCOJ-A) | Softs | ICE US | 0.05 | $7.50 | $150.00 | |
| BTC | Bitcoin | Crypto | CME | 5 | $25.00 | $5.00 | |
| MBTMicro | Micro Bitcoin | Crypto | CME | 5 | $0.50 | $0.10 | |
| ETH | Ether | Crypto | CME | 0.5 | $25.00 | $50.00 | |
| METMicro | Micro Ether | Crypto | CME | 0.5 | $0.05 | $0.10 | |
| VX | Cboe VIX Futures | Volatility | CFE | 0.05 | $50.00 | $1,000.00 | |
| VXMMicro | Mini VIX Futures | Volatility | CFE | 0.05 | $5.00 | $100.00 |
Exchange contract specs. Grains are quoted in cents per bushel. Always confirm with your broker before trading.
Every futures contract moves in fixed steps. Knowing what each step is worth is the base of every stop, target and position size.
The smallest price step the contract can move. ES moves in 0.25 increments, crude oil in 0.01, gold in 0.10.
What one tick is worth per contract. One ES tick is $12.50, so a 4-tick move is $50, which is also ES's point value.
Divide the dollars you're willing to lose by the dollar risk of your stop per contract. A $500 risk with a 20-tick ES stop ($250) fits 2 contracts.
Tick value = tick size × contract multiplier. ES has a $50 multiplier and a 0.25 tick, so 0.25 × $50 = $12.50. The P&L of a trade is ticks moved × tick value × number of contracts.
A point is a 1.0 move in price; a tick is the minimum step. On ES there are 4 ticks per point, so a point is worth 4 × $12.50 = $50. On crude oil a point is 100 ticks, or $1,000.
Most micros are 1/10 of the standard contract: MES, MNQ, MGC, MCL, M2K and MYM. Some aren't exactly 1/10 or have a different tick, like Micro Bitcoin (1/50) or the micro FX contracts, so check the table.
Because it isn't a fixed number. Exchanges update initial margins regularly and each broker sets its own intraday (day-trading) margin, which can be far lower. Enter your broker's figure and the calculator totals it for you.
No. Commissions and exchange fees vary by broker and account type. Remember to subtract them, especially on micros, where fees are a bigger share of each tick.
Reference data for education only. Contract specs can change; confirm tick sizes, margins and fees with your broker or the exchange before trading.